PERTH (miningweekly.com) – Uranium hopeful Anatolia Energy was hoping to raise some A$6-million in a share placement to ensure that its Temrezli project, in Turkey, was fully funded until a decision to mine.
The ASX-listed junior on Wednesday reported that it would issue up to 75-million shares, at 8c each, along with a one-for-two attracting option, exercisable at 12c each.
The funds raised would allow Anatolia to complete the prefeasibility study (PFS) on the Temrezli project, as well as the environmental-impact assessment, and to undertake extensive drilling at the Sefaatli project.
The Temrezli PFS remained on track for delivery by the fourth quarter of this year.
“We are delighted to introduce a number of new institutional investors to our share register with this placement, which demonstrates the increasing profile of Anatolia due to the high-grade, low-cost nature of its Temrezli project, and potential for near-term development,” said MD Jim Graham.
He noted that with the Temrezli project quickly advancing towards a development decision later this year, the placement would allow Anatolia to fast-track its exploration programme at Sefaatli, as well as other high-priority targets within close proximity to Temrezli, which would offer opportunities to develop satellite operations that would ultimately feed the Temrezli project, thereby increasing production and expanding the mine life.